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20110701
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the world and back here at home, hi, everybody, we're so glad you're with us, i'm jenna lee. jon: and i'm jon scott. "happening now," capitol hill gridlock just days before a default deadline. right now there is no bipartisan teal on the table and no vote today on house speaker john boehner's plan to raise the debt ceiling. august 2nd is just six short days away, and that leaves the very real prospect of default or a credit downgrade. can washington make a deal? wendall goler, our senior thousands foreign affairs correspondent be live on the north lawn for us now. >> reporter: more tough news today from the congressional budget office which says both of the leading plans from republicans and democrats to cut the deficit and raise the debt ceiling fall short of what their authors claim. senate majority leader harry reid's plan would actually cut half a trillion less from the deficit than he says it would, house speaker john boehner's plan falls about $350 billion short. boehner has canceled plans for a vote on his proposal today and gone back to the drawing board, and since he has promis
're with us, i'm jenna lee. jon: and i'm jon scott. new developments in the drama that grips capitol hill and the white house. dueling plans are out now on raising the limit to our nation's credit card and reducing the deficit. wendall goler, our senior foreign affairs correspondent, is live on the north lawn. wendall? >> reporter: jon, starting today house republicans will begin trying to sell their proposal to cut the deficit and raise the debt ceiling to democrats, and if they don't, democrats in the senate will then try and sell their plan to republicans. the chairman of the president's national economic council says mr. obama's address to the nation last night was a warning that democrats and republicans aren't even close. >> what the president was trying to do was let people know that we really are at a stalemate, that we have, that nothing is coming out of congress that is likely to pass be both houses and that this is a time where we as a country have to come together and have compromise and have bipartisanship. >> reporter: saturday was the last time the president and can congres
you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill today. harry reid said it would be a nonstarter. wendell goler is live on the north lawn with more. >> reporter: speaker boehner's plan would take the spending cuts agreed to before talks with vice joe biden broke down and raise the debt ceiling a little less than that. it would satisfy the speakers bottom line which is cutting spending more than the debt ceiling is raids but we'd have to go through this all over again by the end of the year. the speaker said yesterday it would solve the immediate crisis. >> there is going to be a two-stage process. it's not physically possible to do all of this in one step. having said that, chris, i know the president is worried about his next election, but my god shouldn't we be worried about the country? >> rep
are requiring from the senate. jon kyle and kate bailey hutch chin son. six are retiring at the end of the term and 17 running for rerehrebgs in the senate. 23 seats held by democrats will be up for grabs in 2012. larry sabado is director for the center of politics at university of virginia. always good to talk to you. thank you for being here. i was struck by a poll from abc news and "the washington post" who said that 70% of people who help ask said they would like to fire their elected official in washington. that is a huge number. >> it is a huge number. and you wonder whether at some point we might actually have a fourth wave election in a row. what is a wave election? it's where lots of incumbents get tossed out, all though the eupl kupl pwapbts can be heavily concentrated in one party. remember we had a wave election in 2006 that was democratic. another wave election tilted to the democrats. 2010 a big wave election for the republicans. could we really be having a fourth wave election? it's too soon to say and the presidential nomination will be very important. rick: if there is one of t
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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